Housing starts sink 11% in last month of 2018, but rising permits point to rebound
February 26, 2019 at 08:31 AM EST
Construction on new houses sank 11% in December to a more than two-year low, but builders applied for more permits in a sign that a rebound is coming soon. Housing starts tumbled to an annual rate of 1.08 million in the final month of 2018.